Deputy: the budget will be (300) billion dollars in 2015

Baghdad (news) .. Likely decision of the Economic Commission deputy / Kurdish coalition blocs / Mahma Khalil, to inform the budget in 2015 (300) billion dollars makes the necessary urgency to implement the project to delete the three zeroes from the local currency to reduce the money supply in circulation.
Khalil (of the Agency news): The environment Iraq’s economic need to restructure the local currency by deleting the zeros of the three of them, because Iraq is on the verge of increasing its revenue finance from oil sales will reach its budget during the next three years to (300) billion dollars. and he continued, that this figure a large and difficult to work on the accountants how to distribute money the paragraphs of the budget the next addition to the large volume of cash involved and the amount of (33) trillion dinars, which confuses the economic activity in the country. He added, should not be the application of the deletion of zeros depend on the circumstances Wares of the country as a project whatever works to repair the structure of the Iraqi currency, required to be implemented at the beginning of next year to help transform the national economy to free market and give real value to the future of the Iraqi dinar in the region. The Central Bank of Iraq announced (29 September 2011) that the year 2013 will see the deletion of zeros and replacement of the currency, which warned him, officials and economists because there are mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the planned changes. has called for the prime minister’s central bank to wait a project delete the three zeroes from the local currency, saying he was a big project and needs to be enough time to apply it. / Finished / 8. n. r /
Source: ikhnews

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June 27, 2012 at 8:45 am